i am the CEO and a Businessman

Ecclestone came under fire in October 2004 when he and British Racing Drivers' Club president Jackie Stewart were unable to come to terms regarding the future British Grand Prix, causing the race to be dropped from the 2005 provisional season calendar. However, when the heads of the ten teams met and agreed on a series of cost-cuts later in the month, the race was again added to the calendar, and a contract on 9 December guaranteed its continuation for five years. In mid-November 2004, the… Show more Ecclestone came under fire in October 2004 when he and British Racing Drivers' Club president Jackie Stewart were unable to come to terms regarding the future British Grand Prix, causing the race to be dropped from the 2005 provisional season calendar. However, when the heads of the ten teams met and agreed on a series of cost-cuts later in the month, the race was again added to the calendar, and a contract on 9 December guaranteed its continuation for five years. In mid-November 2004, the three banks who comprise Speed Investments, which owns a 75% share in SLEC, which in turn controls Formula One – Bayerische Landesbank, J.P. Morgan Chase, and Lehman Brothers – sued Ecclestone for more control over the sport, prompting speculation that Ecclestone might altogether lose the control he has maintained for more than thirty years. A two-day hearing began on 23 November, but after the proceedings had ended the following day, Justice Andrew Park announced his intention to reserve ruling for several weeks. On 6 December 2004, Park read his verdict, stating that "In judgment it is clear that Speed's contentions are correct and should therefore make the declarations which it requests." However, Ecclestone insisted that the verdict – seen almost universally as a legal blow to his control of Formula One – would mean "nothing at all".He stated his intention to appeal the decision. The following day, at a meeting of team bosses at Heathrow Airport in London, Ecclestone offered the teams a total of £260,000,000 over three years in return for unanimous renewal of the Concorde Agreement, which expired in 2008. Two weeks later, Gerhard Gibkowsky, a board member of Bayerische Landesbank and the chairman of SLEC, stated that the banks had no intention to remove Ecclestone from his position of control Show less